TELUS Co. (TSE:T) Given Average Rating of "Hold" by Analysts

Key Points

• TELUS has a consensus “Hold” rating among 13 analysts: nine hold ratings, two sells, one buy, and one strong buy. The average 12-month price target is C$18.68.
• Several analysts recently downgraded TELUS or reduced their price targets, including Morgan Stanley, which moved to “underweight” and cut its target to C$13.00.
• TELUS shares opened at C$13.39, near their 12-month low of C$12.93, while the company reported quarterly revenue of C$4.92 billion and EPS of C$0.16.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been given a consensus rating of "Hold" by the thirteen research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$18.68.

Several analysts recently commented on T shares. Canaccord Genuity Group dropped their price target on TELUS from C$16.75 to C$15.50 and set a "hold" rating for the company in a research report on Friday, July 10th. National Bank Financial cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Desjardins lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 4th. Scotiabank lowered their price target on shares of TELUS from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 7th. Finally, Morgan Stanley downgraded shares of TELUS from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from C$20.00 to C$13.00 in a report on Tuesday, July 21st.

TELUS Stock Performance

Shares of TELUS stock opened at C$13.39 on Monday. The firm has a market capitalization of C$21.09 billion, a PE ratio of -22.69, a P/E/G ratio of 1.65 and a beta of 0.53. TELUS has a twelve month low of C$12.93 and a twelve month high of C$22.97. The firm's 50-day moving average price is C$14.10 and its 200 day moving average price is C$16.25. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.16 EPS for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%.The company had revenue of C$4.92 billion during the quarter. On average, sell-side analysts predict that TELUS will post 1.2267985 EPS for the current fiscal year.

About TELUS

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation TSX: T, NYSE: TU, crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients' products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.

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